Homework Answers
Diluted share =12600- (12600*29/36) =2450
Diluted earning per share = Net income/Adjusted shares = 591000/(196000+2450) = 2.98
So answer is c) $2.98
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Multiple Choice Question 105 Swifty Corporation had net income for 2018 of $591000. The average number...
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weighted-average number of common shares outstanding for 2018 was
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Sheridan Company had 808000 shares of common stock outstanding
at December 31, 2018. In addition, it had 159000 stock options
outstanding, which had been granted to certain executives, and
which gave them the right to purchase shares of Sheridan's stock at
an option price of $37 per share. The average market price of
Sheridan's common stock for 2018 was $50. What is the number of
shares that should be used in computing diluted earnings per share
for the year ended...
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